4. The Internet's universal standards decrease the cost of industry and firm operations.
举一反三
- 中国大学MOOC: A firm operating in a perfectly competitive industry will continue to operate in the short run but earn losses if the market price is less than that firm’s average variable cost but greater than the firm’s average fixed cost.
- What is the total cost in this outcome (Firm A's total cost + Firm B's total cost)?What is the total cost in the efficient outcome (assuming that the price is $3 and four units are produced in total)?<br/>______
- A profit-maximizing firm in a competitive market will decrease production when marginal cost exceeds average revenue A: 正确 B: 错误
- 中国大学MOOC: A profit-maximizing firm in a competitive market will decrease production when marginal cost exceeds average revenue
- Measures of liquidity indicate the performance of a firm's operations during a given time period.